Tate & Lyle upped to outperform at Credit Suisse

LONDON (MarketWatch) -- Tate & Lyle
TATE, +1.35%
was upped to outperform from neutral at Credit Suisse, which also increased the sugar producer's price target to 640 pence from 630 pence. "It's either feast or famine with the Tate share price, or so it would seem. Either the market goes overboard on the added-value story, or it dismisses the business as being entirely commodity-based. The latter seems the case right now," the broker said.

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